Tag archive for ‘Naira’
By admin On Monday, May 1st, 2017

May Day: Battered By Poverty, Unpaid Salaries Nigerian Workers Attack Labour Minister

Chris Ngige LAGOS MAY 1ST (URHOOTODAY)-Battered by poverty and angered by frequent unpaid salaries, Nigerian workers revolted on Monday, calling the Minister of Labour and Productivity a thief, as he began to address More...

By admin On Friday, April 21st, 2017

Naira Records Further Boost, Sells For N376 To Dollar in Black Market

LAGOS APRIL 21ST (URHOBOTODAY)-The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and N378 to the United States Dollar in Lagos, Abuja and Kano, following More...

By admin On Sunday, April 16th, 2017

Tomato Seller Claims Ownership of N250m Dump in Balogun Market, Lagos

Naira Bag LAGOS APRIL 16TH (URHOBOTODAY)-As controversies rock the nation over the discovery of a staggering N15 billion in an Ikoyi, Lagos apartment, a man has reportedly shown up at the Lagos office of the Economic More...

By admin On Friday, March 24th, 2017

Naira Continues To Grow Stronger, Sells 380 Per Dollar

LAGOS MARCH 24TH (URHOBOTODAY)-The Nigerian currency on Friday afternoon exchanged between N380 (buying rate) and N390 (selling rate), stronger than N400 recorded on Thursday, while the pound sterling and Euro More...

By admin On Monday, March 6th, 2017

Police Clamp Down On Naira Notes Hawkers, Arrest Six Women In Lagos

LAGOS MARCH 6TH (URHOBOTODAY)-The Nigerian police has started clamping down on those selling Nigeria notes in parties. Six women were arrested by the police in conjunction with the Central Bank of Nigeria (CBN), More...

By admin On Thursday, March 2nd, 2017

Onuesoke Faults CBN Release of Funds To FOREX Market

Chief Sunny Onuesoke LAGOS MARCH 2ND (URHOBOTODAY)-Delta State Peoples Democratic Party (PDP) Chieftain, Sunny Onuesoke has faulted Central Bank of Nigeria (CBN) recently policy of releasing fund into the Foreign More...

By admin On Tuesday, February 28th, 2017

CBN Pumps More Forex Into Markets As Naira Continue To Appreciate

LAGOS FEBRRUARY 28TH (URHOBOTODAY)–The Central Bank of Nigeria (CBN) Monday said it sold $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support More...

By admin On Thursday, February 16th, 2017

Naira In Coma, Crashes To N510 To 1 Dollar

LAGOS FEBRUARY 16TH (URHOBOTODAY)-The free fall of Naira at the foreign exchange market entered another fresh climax in the afternoon of Wednesday, February 15, 2017. Business Post reports that the local currency More...

By admin On Wednesday, January 4th, 2017

2017: Oil, Stocks, Naira, Tumble on First Trading Day

LAGOS JANUARY 4TH (URHOBOTODAY)-The key indexes of crude oil, stocks and naira for brighter economy for Nigeria started the 2017 trading day on a negative note, figures have shown. The much-talked about crude More...

By admin On Wednesday, October 19th, 2016

Why Foreign Investors Rush to Nigeria Despite Economic Recession?

Minister of Finance, Mrs Kemi Adeosun By Olawale Rasheed, LAGOS OCTOBER 19TH (URHOBOTODAY)– Lodged in various hotels ,#Abuja are many #expatriates and #foreign investors .Negotiations proceed rapidly with More...

By admin On Tuesday, September 27th, 2016

Foreign Airlines Snub Naira, Demand Dollar for Payment

LAGOS SEPTEMBER 17TH (URHOBOTODAY)-The Nigerian Civil Aviation Authority (NCAA) says it will convene a meeting with foreign airline operators over their alleged rejection of naira payment for flight tickets. Mr. More...

By admin On Tuesday, September 27th, 2016

Panic as Naira Crashes to 452/$, 570/£, Foreign Reserves Drop to $24.74bn

Foregn Reserve LAGOS SEPTEMBER 27TH (URHOBOTODAY)-Alarm bell sounded across Nigeria financial circles Tuesday as the local currency hit an all time low of 452 to a dollar and 570 to a pounds sterling in the parallel More...

By admin On Tuesday, September 20th, 2016

Goodnews: Naira Appreciates against Dollar at Interbank Market, Stabilizes at Parallel Market

LAGOS SEPTEMBER 20TH (URHOBOTODAY)-The Naira on Monday appreciated against the dollar at the interbank market, the News Agency of Nigeria (NAN) reports. The currency gained 1.4 points to exchange at N307.25 to More...

By admin On Monday, September 19th, 2016

Currency Scandal: How CBN, Govt Officials Launder Forex Through Phony Firms

LAGOS SEPTEMBER 19TH (URHOBOTODAY)-A major scandal has hit the new foreign exchange policy of the Central Bank of Nigeria (CBN) as it is now riddled with sharp practices. The policy, which was introduced in March More...

By admin On Monday, September 5th, 2016

How Nigeria Can Avoid Drifting Towards Economic Depression

Elder (Dr.) Chukwuma O. Nwaonicha LAGOS SEPTEMBER 5TH (URHOBOTODAY)- Economic Depression is a long and severe recession. If the current hash economic situation in the nation is not seriously addressed and sustained, More...

By admin On Friday, September 2nd, 2016

Naira Sinks Deeper, Sells N420 against Dollar

LAGOS SEPTEMBER 2ND (URHOBOTODAY)-The continued scarcity of foreign exchange on Wednesday pushed the naira to an all-time-low of 420 against the United States dollar at the parallel market. The currency hit its More...

By admin On Thursday, August 25th, 2016

Naira Slumps Further, Now N400 to One Dollar

LAGOS AUGUST 25TH (URHOBOTODAY)-The Nigerian currency exchanged at about N400 on Wednesday afternoon, from N397 it closed on Tuesday; while it traded against the Pound Sterling and the Euro at N515 and N450 respectively. At More...

By admin On Thursday, July 14th, 2016

Naira Plunges to 360 Per Dollar

LAGOS JULY 14TH (URHOBOTODAY)-The naira fell to 360 against the United States dollar at the parallel market on Wednesday as the supply of the greenback waned at the foreign exchange market. The local currency had More...

By admin On Tuesday, June 21st, 2016

Plunging Naira: Dangote Knocked Out of Bloomberg Billionaire Rating

Dangote LAGOS JUNE 21ST (URHOBOTODAY)– Nigerian billionaire Aliko Dangote, Africa’s richest person, fell 25 places on the Bloomberg Billionaires Index on Monday as the naira tumbled on its first day of trading More...

By admin On Tuesday, May 31st, 2016

Al-Mustapha Defends Abacha’s Loots

Al-Mustapha LAGOS MAY 31ST (URHOBOTODAY)-Former Chief Security Officer (CSO) to the late head of state, Major Hamza Al-Mustapha, yesterday defended his late boss, General Sani Abacha, insisting that the late head More...

By admin On Tuesday, May 31st, 2016

Naira Crashes in Interbank Market, Sell for N285 Per Dollar

LAGOS MAY 31ST (URHOBOTODAY)-Despite the Central Bank of Nigeria yet to roll out the details of the new flexible exchange rate policy, which is a monetary system that allows the exchange rate to be determined by More...

By admin On Friday, May 13th, 2016

Subsidy Removal: Naira Tumbles from 321 to 341 Per Dollar

LAGOS MAY 13TH (URHOBOTODAY)-The naira fell to 341 against the United States dollar at the parallel market on Thursday from 321 following Wednesday’s removal of subsidy on petrol and the announcement of N145 More...

By admin On Wednesday, April 13th, 2016

Buhari, Emefiele Move To Crash The Dollar, Sign Landmark Currency Deal With China

LAGOS APRIL 13TH (URHOBOTODAY)-President Muhammadu Buhari and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele moved closer to actualizing their promise to strengthen the naira against the United States More...

By admin On Sunday, March 6th, 2016

Nigeria’ll Not Accept Dictate of IMF, Devaluation of Naira-Buhari Vows

Buhari LAGOS MARCH 6TH (URHOBOTODAY)-President Muhammadu Buhari has insisted that Nigeria will not be dictated to by the International Monetary Fund (IMF) or any external force in the way it runs its economy. Nigeria, More...

By admin On Friday, March 4th, 2016

Naira Appreciates, Now N199.06k to Dollar

LAGOS MARCH 4TH (URHOBOTODAY)- – The naira appreciated in value against the dollar at the interbank foreign exchange (FX), while closing stable at the autonomous and parallel market on Thursday. The naira gained More...